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FIRST NAT. STATE BANK v. COM. FEDERAL SAV.

Civ. A. Nos. 75-1712, 75-1690.

455 F.Supp. 464 (1978)

FIRST NATIONAL STATE BANK OF NEW JERSEY, Plaintiff, v. COMMONWEALTH FEDERAL SAVINGS AND LOAN ASSOCIATION OF NORRISTOWN, PENNSLYVANIA, Defendant. George W. MATTEO, Sr., et al., Plaintiffs, v. COMMONWEALTH FEDERAL SAVINGS AND LOAN ASSOCIATION OF NORRISTOWN, PENNSYLVANIA.

United States District Court, D. New Jersey.

August 21, 1978.

Attorney(s) appearing for the Case

Greenbaum, Greenbaum, Rowe & Smith, by Paul A. Rowe, Newark, N. J., for plaintiff, First National State Bank of N. J.

Drinker, Biddle & Reath, by Patrick T. Ryan, Philadelphia, Pa., Capehart & Scatchard, P. A., Moorestown, N. J., by Joseph S. Georgiana, Camden, N. J., for defendant Commonwealth Federal Savings & Loan Association of Norristown, Pa.

FINDINGS OF FACT and CONCLUSIONS OF LAW

CLARKSON S. FISHER, District Judge.

This dispute involves the mortgage funding of a certain project with the construction of a shopping center in Camden County, New Jersey known as the Glen Oaks Shopping Mall (hereinafter "Glen Oaks" or "the shopping mall".)

Originally the action was instituted by the First National State Bank of New Jersey ("FNSB") in the Superior Court of New Jersey, Chancery Division (Essex...

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